Great Economics

The Imperial Science

January 1, 2001

Ideas on Liberty Economics on Trial January 2001 The Imperial Science by Mark Skousen “I think it is quite likely that we are entering an era of much more interaction among the sciences.” Kenneth E. Boulding 1 During the 20th century it was popular to label economics the “dismal science,” a term of derision coined [...]

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A Much-Deserved Triumph in Supply-Side Economics

February 28, 2000

Economics on Trial IDEAS ON LIBERTY February 2000 by Mark Skousen “After occupying center stage during the 1980s, the supply-side approach to economics disappeared when Ronald Reagan left office.” – Paul Samuelson (1) Until Robert Mundell won the Nobel Prize in 1999, supply-side economics had been a school without honor among professional economists. Established textbook [...]

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A Much-Deserved Triumph in Supply-Side Economics

February 2, 2000

Economics on Trial IDEAS ON LIBERTY February 2000 by Mark Skousen “After occupying center stage during the 1980s, the supply-side approach to economics disappeared when Ronald Reagan left office.” – Paul Samuelson (1) Until Robert Mundell won the Nobel Prize in 1999, supply-side economics had been a school without honor among professional economists. Established textbook [...]

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Economics for the 21st Century

January 1, 2000

Economics on Trial IDEAS ON LIBERTY January 2000 Economics for the 21st Century by Mark Skousen “Nature has set no limit to the realization of our hopes.” — Marquis De Condorcet Recently I came across the extraordinary writings of the Marquis de Condorcet (1743-94), a mathematician with an amazing gift of prophecy in l`age des [...]

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The Perseverance of Paul Samuelson’s “Economics”

September 5, 1999

Journal of Economic Perspectives By Mark Skousen Paul Samuelson’s Economics ranks with the most successful textbooks ever published in the field, including the works of Adam Smith, David Ricardo, John Stuart Mill and Alfred Marshall. His 15 editions have sold over four million copies and have been translated into 41 languages (see Table 1). My [...]

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Getting Published–An “Austrian” Triumph

September 5, 1998

Economics on Trial — THE FREEMAN By Mark Skousen “[Austrian economists] feel they’ve been frozen out of mainstream economics and seldom get even a footnote in standard textbooks.” -Todd G. Buchholz 1 Austrian economist makes good! I just got published in the Journal of Economic Perspectives, the most widely read economics journal in the country. [...]

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Best Textbooks for a Free-Market University

August 28, 1997

Economics on Trial THE FREEMAN By Mark Skousen “I don’t care who writes a nation’s laws … if I can write its economics textbooks.” –Paul A. Samuelson When I majored in economics in the late 1960s and early 1970s, there were precious few textbooks with a strong free market bent. My introductory course required Paul [...]

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Economics in One Page

January 31, 1997

Economics on Trial THE FREEMAN JANUARY 1997 Economics in One Page By Mark Skousen “What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.”1 –Milton Friedman The above statement by Friedman got me [...]

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Economics in One Page

January 2, 1997

Economics on Trial – THE FREEMAN – JANUARY 1997 By Mark Skousen “What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.”1 –Milton Friedman The above statement by Friedman got me thinking: Is [...]

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